Avance Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Avance Technologies has a total shareholder equity of ₹3.7B and total debt of ₹0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ₹4.3B and ₹575.8M respectively. Avance Technologies's EBIT is ₹28.2M making its interest coverage ratio 15652.7. It has cash and short-term investments of ₹348.2M.
Key information
0%
Debt to equity ratio
₹0
Debt
| Interest coverage ratio | 15652.7x |
| Cash | ₹348.18m |
| Equity | ₹3.72b |
| Total liabilities | ₹575.81m |
| Total assets | ₹4.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 512149's short term assets (₹518.4M) do not cover its short term liabilities (₹575.8M).
Long Term Liabilities: 512149 has no long term liabilities.
Debt to Equity History and Analysis
Debt Level: 512149 is debt free.
Reducing Debt: 512149 has no debt compared to 5 years ago when its debt to equity ratio was 38%.
Debt Coverage: 512149 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 512149 has no debt, therefore coverage of interest payments is not a concern.